Now Available
Our annual report on state fiscal health. Debt among the states improved slightly. Going from $1.2 trillion down to $938.6 billion.
What happened?
How did your state do? Read the full report below.
https://www.truthinaccounting.org/news/detail/financial-state-of-the-states-2023
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This year's report found that 31 states did not have enough money to pay all of their bills.
To encourage the publication of transparent and accurate government financial information, Truth in Accounting has created a transparency score for financial reporting by the states.
PRESS RELEASE - FOR IMMEDIATE RELEASE
Truth in Accounting's twelfth annual Financial State of the States report, a nationwide analysis of the most recent state government financial information.
Reuters story, includes “The DOJ and Allianz declined to comment on the nature of the investigation, which could lead to criminal charges. The [SEC] launched a probe into the demise of the funds last year, Allianz disclosed after the Arkansas Teacher Retirement System filed a lawsuit in July 2020 seeking $774 million in damages.”
No "blue state bailout" is a rallying cry for many congressional Republicans as attempts to provide more federal aid to a nation stricken by an ever-worsening coronavirus pandemic remain stuck in neutral.
The 2020 Financial State of the States report surveys the fiscal health of the 50 states prior to the coronavirus pandemic. This data is released today by Truth in Accounting (TIA), a think tank that analyzes government financial reporting.
How large could the shortfall in state government general revenues be, amidst the coronavirus and related crises?
Senior government officials, including some in the White House, privately expressed concerns that a nearly $30 billion bailout for farmers needed stronger legal backing, according to multiple people who participated in the planning.
What does the investment return for Fiscal Year 2018 mean as part of the big picture?
Are legislators and the governor making wise choices for the financial future of Arkansans? A new report says that the answer to this question is “no.”
The filing deadlines for candidates to enter state legislative races have already passed in 31 states.
See the financial health of Arkansas, California, Colorado, Florida, Georgia, Massachusetts, North Carolina, New Jersey and South Carolina.
U.S. states have entered a new era characterized by chronic budget stress.
By Liz Farmer, includes “… But given Arkansas’ long history of fiscal conservatism, observers say it’s unlikely the state will embark upon a bond bonanza.
By Eric Touissant, includes "... In the 1830s, four of the United States repudiated their debts - Mississippi, Arkansas, Florida and Michigan.
Enacted state budgets for fiscal 2016 represent a sixth consecutive year of spending and revenue growth, according to this report.
The U.S. Pension Benefit Guaranty Corp. (PBGC) paid out $16.6 million to more than 4,200 Arkansas retirees in failed retirement plans in 2014 as the program’s insolvency has now been delayed for three years.